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Search Results 0 to 7 of about 8 (some duplicates have been removed)
Nov 11, 2012 6:00pm PST
an option for the country when it comes to fiscal cliff. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. e> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if
Nov 7, 2012 5:30pm PST
fiscal cliff. >> reporter: under pressure from the fiscal cliff, house speaker john boehner started a public negotiation with the president. saying republicans would accept an increase in tax revenues if they're tied to tax and entitlement reform. day one after the election and the speaker said it was clear voters want solutions. >> mr. president, this is your moment. we're ready to be led. >> reporter: but what sounded like a concession was mostly a challenge. boehner specifically rejected the way the president would raise revenues: higher taxes on upper-income americans. >> feeding the growth of government through higher tax rates won't help us solve the problem. >> reporter: the president's plan to ask more of the wealthy wealthy-- what he calls the balanced approach to deficit reduction-- was his core argument in the campaign and central to his mandate. he made that clear in this interview with the "cbs evening news" in september. >> the message that will be sent by voters this time out if i'm reelected will be we're not satisfied with the pace of progress but we do think that the
Nov 14, 2012 6:30pm EST
certainty right now. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: bainer and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difl which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your rel
Nov 8, 2012 5:30pm PST
, white house officials told me today they were encouraged by house speaker john boehner's comment yesterday about finding common ground. still, they reiterate today any hal is going to have to involve allowing those bush tax cuts to expire for household incomes 50er $250,000 a year. and that's something republicans adamantly oppose. the nonpartisan congressional fidget office put out a report today that stayed allowing those tax cuts to expire just for top tax earners would constrain economic juowth next year by just one- oenth of 1%. the report also showed what's at stake here if all the tax increases and spending cuts l cociate with the fiscal cliff ,re allowed to kick in, the unemployment rate will shoot up to 9.1% in 2013, from 7.9% now. hat's why vice president biden predicted today the two sides till come up with a solution. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: white house officials insist they have all lhe leverage here because all the bush tax cuts are set to expire if republicans don'
Nov 16, 2012 6:30pm EST
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that t
Search Results 0 to 7 of about 8 (some duplicates have been removed)